Tuesday, April 24, 2007

ICICI Bank Agets QFC Licence

ICICI Bank has received a licence to set up a branch in Qatar Financial Centre, Doha, Qatar, ICIC Bank, India''s second largest bank, is the first Indian bank to receive a licence from Qatar Financial Centre Regulatory Authority (QFCRA). Meenal Mahajan has been appointed as the Resident Manager. On the occasion, Nimesh Shah, Senior General Manager, ICICI Bank Limited said, With the pace of economic growth and development in Qatar, ICICI Bank sees a significant opportunity to participate in the growth of the country. We are delighted to set up a branch at QFC. The QFC with its advanced regulatory framework provides the necessary platform to expand the International Private Banking operations for ICICI Bank.

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